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Exemption u/s 35AC - Central Government had notified, 'Project 'Eye Hope' at Mumbai and surrounding areas' by Eye Bank Coordination and Research Centre, Manisha Hospital, Sant Savta Marg, Byculla, Mumbai, as an eligible project or scheme - S.O. 2386(E) - Income Tax Act, 1961
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Section 35AC exemption extended for Project 'Eye Hope' but no certificates for donations collected in the elapsed financial year. The Central Government renewed notification of 'Project 'Eye Hope' at Mumbai and surrounding areas' as an eligible project under Section 35AC, following the National Committee's recommendation that the project is being executed properly. The extension covers a further three year period beginning with the specified financial year while maintaining the previously approved project cost and corpus fund. The approval is not valid for donations collected in the already elapsed financial year and no certificate under Section 35AC(1) will be issued for that year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 35AC exemption extended for Project 'Eye Hope' but no certificates for donations collected in the elapsed financial year.
The Central Government renewed notification of "Project 'Eye Hope' at Mumbai and surrounding areas" as an eligible project under Section 35AC, following the National Committee's recommendation that the project is being executed properly. The extension covers a further three year period beginning with the specified financial year while maintaining the previously approved project cost and corpus fund. The approval is not valid for donations collected in the already elapsed financial year and no certificate under Section 35AC(1) will be issued for that year.
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